Emmanuel Ochayi, Author at Prime Business Africa

Tinubu Halts Tariff Hike, Probes Power Sector Licenses

President Bola Tinubu has halted the proposed electricity tariff hike, emphasizing the need for a nationwide subsidy on power consumption. The revelation came from the Minister of Power, Adebayo Adelabu, during a

Emmanuel Ochayi

1 year ago

Naira Rises Against Dollar, Ends Week On Positive Note

Business·Currency·Latest News

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

The Naira experienced a gain of 1.75 percent against the dollar on the parallel market, reaching N1120/$1 on Thursday. This upward movement is attributed to growing optimism surrounding the government’s plans to enhance

Emmanuel Ochayi

1 year ago

Africa·Latest News·World News

Saudi Arabia Pledges Over $500 Million Investments Across Africa

Saudi Arabia has announced plans to seal deal agreements worth over $500 million with various African countries. The revelation came during the ongoing Saudi-Arab-African Economic Conference in Riyadh, where Saudi officials unveiled

Emmanuel Ochayi

1 year ago

Nigerian Govt Defends 2023 Supplementary Budget Amid Obi’s Criticism

In a rebuttal to the criticism by Labour Party’s Peter Gregory Obi, the Federal Government defends the controversial 2023 supplementary budget, labeling it as a bold and necessary move to tackle economic

Emmanuel Ochayi

1 year ago

Business·Latest News·Tech News

Nigeria Govt, Raspberry Pi Foundation Partner To Launch Code Clubs In Nigeria

The Nigerian Government, through the Ministry of Communications, Innovation & Digital Economy, has joined forces with the UK-based Raspberry Pi Foundation to introduce Code Clubs across Nigeria. Aimed at students aged 7 to

Emmanuel Ochayi

1 year ago

Business·Latest News

Vandalism Accounts For 13% Of Power Accidents, Urgent Measures Required-NERC

The Nigerian Electricity Supply Industry (NESI), Engr. Idris Aminu Idris, the SM in charge of Engineering Performance and Monitoring at the Nigerian Electricity Regulatory Commission (NERC), disclosed that vandalism has been a

Emmanuel Ochayi

1 year ago

Democracy Day: Nigeria In A Classical State Capture - Obi

Business·Finance & Economy·Latest News·Politics

Obi Slams ‘Lavish’ Expenditure in 2023 Supplementary Budget, Calls For Focus On National Welfare

In a scathing critique of the approved N2.17 trillion 2023 supplementary budget, former Anambra state governor and Labour Party presidential candidate, Mr. Peter Obi, lambasted the government’s allocation of funds for what

Emmanuel Ochayi

1 year ago

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency·Latest News

Naira Depreciates In Official Market, Black Market On Wednesday

The naira took a dip against the U.S. dollar, leaving speculators scratching their heads. The official market, usually a bastion of stability, witnessed a 0.55% depreciation, closing at N874.71 to a dollar

Emmanuel Ochayi

1 year ago

Nigerian Stock Market Declines As MPC Retains Key Interest Rates

Business·Latest News·Markets

JAPAULGOLD, OMATEK, Others Top Gainers As Market Capitalization Surges To N38.885 Trillion

The NGX All-Share Index continued its upward trajectory, closing at 70,773.31 points today, inching closer to the elusive 71,000 mark. The market witnessed a gain of N87 billion, propelling the market capitalization

Emmanuel Ochayi

1 year ago

Naira Depreciation Spurs Export Surge To N35trn

Business·Currency·Latest News

Old, Redesigned Naira Notes Remain Legal Tender – CBN

The Central Bank of Nigeria (CBN) has reiterated that the old and newly redesigned naira notes remain legal tender. The CBN emphasized this point following Section 20(5) of the CBN Act, 2007.

Emmanuel Ochayi

1 year ago

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Emmanuel Ochayi

Tinubu Halts Tariff Hike, Probes Power Sector Licenses

Naira Gains To N1120/$1 As Nigerian Govt Aims To Boost Dollar Supply

Saudi Arabia Pledges Over $500 Million Investments Across Africa

Nigerian Govt Defends 2023 Supplementary Budget Amid Obi’s Criticism

Nigeria Govt, Raspberry Pi Foundation Partner To Launch Code Clubs In Nigeria

Vandalism Accounts For 13% Of Power Accidents, Urgent Measures Required-NERC

Obi Slams ‘Lavish’ Expenditure in 2023 Supplementary Budget, Calls For Focus On National Welfare

Naira Depreciates In Official Market, Black Market On Wednesday

JAPAULGOLD, OMATEK, Others Top Gainers As Market Capitalization Surges To N38.885 Trillion

Old, Redesigned Naira Notes Remain Legal Tender – CBN

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